OneAscent Financial Services LLC Invests $802,000 in PepsiCo, Inc. $PEP

OneAscent Financial Services LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,924 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY increased its stake in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after purchasing an additional 64 shares during the last quarter. United Bank lifted its position in shares of PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after buying an additional 65 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in shares of PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock valued at $415,000 after buying an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC grew its position in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock valued at $317,000 after buying an additional 66 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its stake in PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $139.72 on Friday. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The stock has a market capitalization of $190.70 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 3.12 and a beta of 0.35. The company has a 50-day simple moving average of $139.87 and a 200-day simple moving average of $149.57. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s payout ratio is presently 77.59%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research note on Friday, July 10th. Evercore set a $150.00 target price on PepsiCo in a report on Thursday, July 9th. Piper Sandler set a $176.00 price target on PepsiCo in a research note on Thursday, July 9th. Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Finally, BNP Paribas Exane reduced their price objective on PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.90.

Insider Activity at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company insiders.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.